Swiss Life completes acquisition of Beos
Swiss Life announced the takeover of German investment manager Beos back in June - now it has been completed. The Cartel Office cleared the way for the transaction.
According to Swiss Life, the transaction was completed with effect from August 30, after the necessary approval was obtained from the relevant antitrust authorities.
Swiss Life had announced the purchase of Beos, a large investment manager of corporate real estate in Germany, at the end of June. Beos was founded in 1997, now employs around 150 people and, in addition to its headquarters in Berlin, also has branches in Hamburg, Frankfurt, Cologne, Munich and Stuttgart. According to Swiss Life, the company managed real estate worth EUR 2.6 billion as of the end of 2017 and generated sales of around EUR 30 million in 2017.
Swiss Life Asset Managers expects the transaction to strengthen its position as a leading European real estate asset manager and provide better access to new institutional clients. (ah)
